Monday, April 12, 2021

Monthly Archives: February, 2018

Big State-owned Banks Raise Home Loan Rates Again in Guangzhou

State-run lenders in the Guangdong province capital of Guangzhou have once again raised interest rates for home loans, in a sign that the government...

China Opens its First Online Exchange for Distressed Debt

China's biggest asset management company has just launched the country's first online platform that provides for the trading of distressed debt assets, as Beijing...

US Shares in China’s Tech Giants Could Soon Be Available to Domestic Investors

China's domestic investors may soon have the opportunity to invest in the US-listed shares of the country's tech giants via the Shanghai and Shenzhen...

19 Banks in Northern China Fined for $3-Billion Pledged Loan Fraud

A total of 19 lenders from the northern Chinese provinces of Henan and Shaanxi have been hit with fines worth 52.5 million yuan (USD$8.36...

Real Estate Bond Repayments on Track to Hit Record High in 2018

A new report from Haitong Securities warns that an unprecedented volume of Chinese real estate sector debt is set to mature in 2018 and...

Growth in Assets of Chinese Banks Decelerates in 2017

Growth in the assets and debts of Chinese banks posted a modest deceleration in 2017. The domestic assets of China's banking sector financial institutions reached...

Xi Jinping Stresses Scientific Innovation and China’s Need for a “Modern Economic System”

President Xi Jinping said that the creation of a "modernised economic system is the strategic aim for China's development," as well as stressed the...

China Will Optimise Conditions of Entry for Overseas Firms: Li Keqiang

Premier Li Keqiang says that China will continue to grease the skids for foreign companies hoping to gain access to the domestic market. During a...

Central Disciplinary Commission Warns of “Hidden Dangers” in Chinese Finance

China's Central Commission for Discipline Inspection (CCDI) has warned of the presence of major "hidden dangers" in the country's financial sector, including collusion between...

Central Bank Refrains from OMO for Sixth Straight Day

The People's Bank of China refrained from conducting open market operations for the sixth consecutive trading day on Thursday, 1 February. PBOC's open market operations...

Most Read

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....